Hunt Midwest said it has completed a 126-acre expansion of its surface business park in Kansas City.
The company said the expansion was fueled by growing demand from the automotive supply and data center industries.
The company’s Hunt Midwest Business Center can handle up to 2 million square feet of warehouse and distribution space in a location just south of the Ford Claycomo plant.
The site also is adjacent to the Norfolk Southern intermodal facility and Kansas City’s FedEx ground hub and has direct access to Interstate 435.
“This makes HMBC an ideal location for e-commerce fulfillment centers, automotive suppliers and upfitters,” said Hunt Midwest president and CEO Ora Reynolds.
Buildings designed for single-tenant and multitenant users, ranging in size from 200,000 to 875,000 square feet, are expected to be built on the site.
Hunt Midwest said it will consider options for companies locating on the site, including land purchase, build-to-suit and lease options.
The company eventually plans to add more than 7 million square feet of new industrial space on 700 acres owned by Hunt Midwest.
Reynolds estimated the value of the long-term investment at nearly $450 million over the next 25 years.
The office park is also designated as an enhanced enterprise zone that provides up to 50 percent real property tax abatement.